European shares buoyed by tech, pharma stocks; Fiat, Bayer slump

lunes 23 de mayo de 2016 04:49 GYT
 

* FTSEurofirst 300 gains 0.2 percent

* Fiat top loser on emission concerns

* Bayer down after making Monsanto offer

* Aixtron rallies as takeover bid agreed (ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon (see cpurl://apps.cp./cms/?pageId=livemarkets for site in development). Adds details, share prices)

By Danilo Masoni

MILAN, May 23 (Reuters) - European shares inched higher on Monday, helped by gains in tech and healthcare stocks, but Fiat Chrysler slumped on a report raising emissions issues and Bayer dropped after making an offer for Monsanto.

The pan-European FTSEurofirst 300 index, which had risen 1.3 percent in the previous session, was up 0.2 percent at 1,329.6 points by 0820 GMT.

Fiat Chrysler fell 3.7 percent, making it the top loser on the FTSEurofirst, after Bild am Sonntag newspaper said the carmaker could be prohibited from selling cars in Germany if evidence of continued disregard of emissions rules is found.

A Fiat Chrysler spokesman declined to comment on report but said all the carmaker's vehicles are compliant with existing emissions regulations.   Continuación...